In brief
Amid a turbulent trade war, President Trump announced ongoing negotiations with China that officials in Beijing have firmly rejected, leading to uncertainty in global financial markets.
In a recent interview with Time, President Trump claimed he had numerous conversations with Chinese President Xi Jinping regarding tariffs and trade deals, hoping to reassure financial markets that had seen a downturn of 10% since his inauguration. However, despite Trump's assertions, Chinese foreign ministry spokesperson Guo Jiakun stated that no negotiations have taken place, emphasizing that the U.S. should not mislead the public. Both Guo and Commerce Ministry spokesman He Yadong reiterated that China is open to discussions but insists on a respectful approach, dismissing claims of current economic negotiations.
